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Product of USA Label Final Rule and Drought Impact on U.S. Cattle Herd
The Agribusiness Update
Ag Secretary Tom Vilsack announced the finalization of a rule to align the voluntary “Product of USA” label claim, and new data from USDA Economic Research Service shows changes in drought conditions impact the size of the U.S. beef cattle herd.
U.S. Wine Sales Slow and Net Cash Farm Income Down
The Agribusiness Update
U.S. and foreign winemakers are struggling to sell their product, and leaders are increasingly focused on anti-alcohol messaging, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
USDA Funding for Florida and Net Cash Farm Income Down
The Agribusiness Update
The USDA is allocating more than $5 million to Florida as part of a nationwide effort to strengthen the country’s infrastructure for pest detection as well as the nursery system, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
AFBF on New Farm Bill and McCain's Sustainability Commitments
The Agribusiness Update
American Farm Bureau Federation President Zippy Duvall encouraged members to press Congress to pass a new Farm Bill, and McCain Foods announced progress towards its sustainability commitments.
AFBF on New Farm Bill and McCain's Sustainability Commitments
The Agribusiness Update
American Farm Bureau Federation President Zippy Duvall encouraged members to press Congress to pass a new Farm Bill, and McCain Foods announced progress towards its sustainability commitments.
GE Crops Dominate US Ag and Fuel Prices Decline
The Agribusiness Update
New data from USDA's Economic Research Service shows Genetically engineered crops dominate the U.S. ag sector, and fuel prices begin the new year declining after a late-year increase during the holidays.
USDA Food Insecurity Data and U.S. Egg Production Higher
The Agribusiness Update
USDA’s Economic Research Service monitors the extent of food insecurity in U.S. households, and U.S. egg production totaled 9.3 billion during November, up 4% from November 2022.
Legislation to Support Florida Agriculture and U.S. Egg Production Higher
The Agribusiness Update
Florida Ag Commissioner Wilton Simpson, Senator Jay Collins, and Representative Danny Alvarez announced the filing of legislation to support Florida agriculture, and U.S. egg production totaled 9.3 billion during November, up 4% from November 2022.
November Egg Production Up Four Percent
Southeast Regional Ag News
U.S. egg production totaled 9.3 billion during November, up four percent from November 2022.
Jury Rules Egg Producers Conspired to Fix Prices
Southeast Regional Ag News
Several large food manufacturing companies in the lawsuit filed in 2011 said producers used various means to limit the U.S. domestic supply of eggs to increase the price of eggs and egg products during the 2000s.
California Water Resources Project and China Approves U.S. Meat Imports
The Agribusiness Update
The California Department of Water Resources has awarded $11.8 million in funding for two projects promoting agriculture and groundwater conservation, and China has approved 18 U.S. beef companies and 12 U.S. pork outlets for export to China.
National Peanut Butter Month and China Approves U.S. Meat Imports
The Agribusiness Update
November is National Peanut Butter Lovers Month, and high consumption and menu versatility are two reasons to celebrate, and China has approved 18 U.S. beef companies and 12 U.S. pork outlets for export to China.
Yellow-Legged Hornet in Georgia and Federal Milk Marketing Order Talks
The Agribusiness Update
The first yellow-legged hornet found on U.S. soil, which attacks and destroys honeybees, has flown into Georgia, and Federal Milk Marketing Order hearings begin.
Alarm Issued for Invasive Hornet
Southeast Regional Ag News
Alarms are going off from agricultural officials as an invasive insect known to be devastatingly effective at preying on honeybees and other pollinators has been seen near Savannah.
Hatchery Numbers for July and Farmer Sentiment Rebounds
The Agribusiness Update
U.S. Hatcheries' weekly program set 241 million eggs in incubators during the week ending July 29, down 1% from a year ago, and farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points.
California Nut Growers on India Tariffs and USDA Confirms Torres Small
The Agribusiness Update
India’s repeal of the retaliatory tariffs could provide California tree nut growers improved access to a key market, and Ag Secretary Tom Vilsack confirms Xochitl Torres Small as Deputy Secretary of the USDA.
GA Dept of Ag Regains Law Enforcement Status and USDA Confirms Torres Small
The Agribusiness Update
Georgia Ag Commissioner Tyler Harper announced the Georgia Ag Department has REGAINED its status as a law enforcement agency, and Ag Secretary Tom Vilsack confirms Xochitl Torres Small as Deputy Secretary of the USDA.
AFBF on Right to Repair and Egg Prices Down
The Agribusiness Update
The American Farm Bureau signs MOU with CLAAS of America regarding right to repair, and egg prices finally on a downward trend.